Tadawul Review:

Tadawul All Share Index (TASI) rose on Sunday, gaining 231 points (+2.14%) to close at 11,007.19. The index opened 111 points above its previous close, but before closing it faced selling pressure, yet remained in the green zone. Overall, 20 out of 21 sectors closed in the green zone, and 242 shares rose while 23 fell. Financial Services (+4.7%), Media and Entertainment (+4.4%), and Energy (+4.1%) sectors contributed the most to the index rise. Stockwise, Saudi Aramco (+4.1%), Alrajhi (+1.8%), and Sabic (+8.0%) were the major contributors to the index rise. The trading activity witnessed an increase in volume and value of 12% and 7%, respectively, to reach 283mn shares and SAR 5.6bn in value traded.

 

Market Wrap International:

U.S. equities ended lower at the latest close as rising oil prices and ongoing Middle East tensions weighed on investor sentiment, prompting caution across technology and cyclical sectors while energy-related shares showed relative resilience as crude prices moved higher. European equities ended weaker as investors assessed the implications of higher energy costs and geopolitical uncertainty for inflation and growth, with cyclical sectors including banks and industrials facing pressure while defensive stocks provided limited support. Asian markets ended higher at the end of the week as regional benchmarks recovered with gains in Japan, Hong Kong, and mainland China, supported by selective buying in financial and technology shares despite continued monitoring of global energy markets and geopolitical developments.